Finance is working on addressing the file of reinvestment of state-owned assets

Damascus-SANA

The Ministry of Finance is currently working on dealing with the re-management and investment of state-owned private assets, i.e. “real estate and land” in a way that can contribute to securing large and important resources for the treasury and the public budget, according to what Finance Minister Dr. Kenan Yaghi confirmed.

Yaghi explained before the People's Assembly today that the investment of the mentioned assets can return to the public treasury in large amounts, knowing that tens of thousands of these assets are currently being rented or invested at the lowest prices, and there are some restrictions and issues related to the assets file that are currently being addressed, revealing, for example, that there are shops or real estate It is owned by the state in the center of the capital and is rented for one thousand, two thousand and five thousand liras annually, and the real value of its rents is in the hundreds of millions.

The Minister of Finance pointed out that there is an issue related to the aforementioned assets that has been brought up on the table for discussion and discussion in the Council of Ministers currently, related to some assets attached to the factories, such as the Barada factory, as this factory does not need acres of the surrounding land, and therefore it can reclassify its economic activity and establish an activity or A real estate project on it yields large revenues that can be used to restore the factory and develop the production process in it.

Minister Yaghi reiterated that the ministry is not considering imposing any taxes, but rather reinvestment of state-owned private assets, because this matter can make a real difference to the revenues in the state's general budget.

Waseem Al-Adawi